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Progressive PGR Other Indemnity — Amortization of deferred policy acquisition costs

Other segment segments

Personal Lines Segment
$5.07B+16.3%

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Other financials

Income statement

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Revenue$22.2B+8.7%
Net income$3.3B+4.3%
EPS (diluted)$4.80+9.8%

Balance sheet

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Cash & equivalents$162.0M-16.9%
Total debt$8.4B+21.6%
Total equity$34.3B+5.3%
Total assets$124.93B+8.2%

Cash flow

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Operating cash flow$4.4B-15.1%
CapEx$63.0M+6.8%
Free cash flow$4.3B-15.3%

Valuation

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Market cap$127.63B-9.8%
P/E10.9×-2.7×

Profitability

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Net margin12.9%+1.8pp
FCF margin18.4%-1.7pp

Returns & leverage

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Return on equity34.9%-2.4pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Progressive in its filing.

Tagged under the XBRL concept us-gaap:SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts.

The official record: Progressive’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Progressive's other indemnity — amortization of deferred policy acquisition costs?
Progressive (PGR) reported other indemnity — amortization of deferred policy acquisition costs of $0 in Q4 2025.
What is the long-term trend for Progressive's other indemnity — amortization of deferred policy acquisition costs?
Over 4 years (2021 to 2025), Progressive's other indemnity — amortization of deferred policy acquisition costs has grown at a -100.0% compound annual growth rate (CAGR), from $1.1M to $0.
What does other indemnity — amortization of deferred policy acquisition costs mean?
This represents the systematic expensing of costs directly associated with acquiring new or renewed insurance policies within the Other Indemnity segment. These costs, such as commissions and underwriting expenses, are initially deferred and then amortized over the life of the related insurance contracts.